Woolworths shareholders approve David Jones deal

Comment on this story
IOL pic jun17 Woolworths store signage Independent Newspapers File picture: Simphiwe Mbokazi

Cape Town - Shareholders of Woolworths on Tuesday approved the South African retailer's $2 billion acquisition of Australia's David Jones.

Shareholders also backed the company's plan to issue up to 30 percent its stock for a rights offer to partly fund the deal. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines